Cape Town – President Cyril Ramaphosa has signed the Electricity Regulation Amendment Act into law, introducing major reforms to South Africa’s electricity sector.
The Act aims to establish a competitive electricity market, increase investment in new generation capacity, and enhance energy security.
It also sets up an independent transmission company to manage the national grid and introduces severe penalties for damaging infrastructure.
“To ensure a level playing field for competition between multiple electricity generators, the Act provides that the system operator shall not discriminate between different generators or customers in relation to dispatching or balancing the system, except for objectively justifiable and identifiable reasons approved by the regulator.
“Access to the transmission and distribution power system must be objective, transparent and non-discriminatory,” said the Presidency in a statement.
The Act also supports the transition to a more diversified and renewable energy supply, with the goal of ending load shedding and reducing energy costs in the long term.
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Compiled by Betha Madhomu
